We are still early in this bull run. Retails have yet come back massively!

[adaseb]

Retail might not be in but wherever I go I am not getting calls for $100K, i am getting calls for $200K or $1M or something crazy and we didn’t even make the ATH yet.

Seems people are aping into crypto like crazy at the moment. Look at all the useless meme tokens are pumping. We got wif, shib, Pepe and of course Doge. Also some old coins like bitcoin cash, bitcoin sv, and Litecoin are pumping.

Not saying we are near the top but it sure feels like one.

[1714622914]

1714622914

[tranthidung]

Yeah the normal retail crowd that FOMO's into bull markets hasn't even started coming in yet.

Distribution phase will start when the retail crowd begin to FOMO and FOMO for a while.

Psychology of market cycles.

Optimism, Belief, Thrill, Euphoria are all phases we need to go through before the distribution phase of whales will be kicked off.

They probably won't get excited about Bitcoin again until like this summer once it gets all over the media that Bitcoin has passed its 2021 high and is surging higher. That's what gets those people excited enough to throw their money into something they don't understand haha. The feeling of "omg people are making so much money I gotta jump in right now!"

They will join as fresh newbies or rejoin after leaving 2 or 3 years. For newbies they will be tested by the market during the bull run with corrections and in a next bear market. As natural reactions of human, very few newbies will stay in this market after tested by tough months.

[tygeade]

Yeah the normal retail crowd that FOMO's into bull markets hasn't even started coming in yet.

Distribution phase will start when the retail crowd begin to FOMO and FOMO for a while.

I am feeling like we are at that stage right now. If we look at the chart then I would say that we are at a stage where the chart shows as "belief", because we are already quite high, we are like 4x higher from the bottom of cycle, so we can't call it just the start, we are already quite high. I am guessing that the maximum it can ever do is another 4x increase, nothing more, and that means we are at belief stage already.

We need to make sure that we know where we are so that we know when to get out, I can guarantee you that, not that I will wait that long, I may get out early, but if I ever see 200k price, I am out. Not because I think it can't get any higher, but after that it's all just a countdown, I can get out earlier than that too but I am not staying after 200k for sure.

[Poker Player]

One thing is clear: we can beat the ATH of 69,000 soon, perhaps today. If it happens it would be the first time it has been beaten at this point in the cycle, before halving, which would bode very well for the rest of 2024. Perhaps the price performance next cycle can make up for how disappointing this one was? It won't take long to see.

[Richbased]

we’re not even at the halving yet, the peak bull run won’t be until next year. The bull has some way to run yet so sit in & get ready to watch the greatest show on earth. We have Spot ETF demand now, the run to Bitcoin will be like nothing we’ve ever seen.

Sure the bull run hasn't begun as all what we are seeing is pre-halving signals of which anyone that has a foresight would know that what is gonna occur after the bull market would be explosive, and buying and hodling at this point that some people are making exaggeration that we are already at the halving would still be a nice decision.

One thing that affects most investors is FOMO because they feel that it's too late already to accumulate more Bitcoins due to the fact that the recent price is almost near the previous ATH but regardless, for a long term holdler, it is never too late to buy at any price in time.

[Wind_FURY]

Retail might not be in but wherever I go I am not getting calls for $100K, i am getting calls for $200K or $1M or something crazy and we didn’t even make the ATH yet.

Read and study, The Extraordinary Popular Delusions And The Madness of Crowds by Charles McKay and The Devil Takes The Hindmost by Edward Chancellor.

 

Seems people are aping into crypto like crazy at the moment. Look at all the useless meme tokens are pumping. We got wif, shib, Pepe and of course Doge. Also some old coins like bitcoin cash, bitcoin sv, and Litecoin are pumping.

Not saying we are near the top but it sure feels like one.

That's understandable. I have the same "feelings" too, but it shouldn't truly matter if you're a mere HODLer without any profit targets during the current bull cycle.

Plus those altcoins are pumping? Because Bitcoin is pumping. If Bitcoin crashes, I'm very confident that they will also crash and the crash will be heavier up to -90%.

[tranthidung]

Plus those altcoins are pumping? Because Bitcoin is pumping. If Bitcoin crashes, I'm very confident that they will also crash and the crash will be heavier up to -90%.

Newbies in this market will learn their lessons by falling in love with altcoins soon.

Even altcoins pumped hard recent months, because Bitcoin triggered the market bull run, many of them are still -80 %, -90% of their all time highs. I believe this screenshot can help newbies to see risk of altcoins if they find this post.

[Marvell1]

Plus those altcoins are pumping? Because Bitcoin is pumping. If Bitcoin crashes, I'm very confident that they will also crash and the crash will be heavier up to -90%.

Newbies in this market will learn their lessons by falling in love with altcoins soon.

Even altcoins pumped hard recent months, because Bitcoin triggered the market bull run, many of them are still -80 %, -90% of their all time highs. I believe this screenshot can help newbies to see risk of altcoins if they find this post.

But one thing you left out, you yourself said that bitcoin triggered the bull run and many altcoins are still at -90%, which means the chances of them being dumped or falling more is very low. So, buying altcoins now will not be as risky as when we are in the 2022 bear season. Also, look at what's been going on in the past few days, shiba is up 3x since the bottom, pepe is up 7x since the bottom...and many other altcoins.

We need to admit that during the bull season, altcoins will perform much better than bitcoin in terms of returns. But when the bear market begins, it's time to stay away from altcoins.

[thecodebear]

Retail might not be in but wherever I go I am not getting calls for $100K, i am getting calls for $200K or $1M or something crazy and we didn’t even make the ATH yet.

Seems people are aping into crypto like crazy at the moment. Look at all the useless meme tokens are pumping. We got wif, shib, Pepe and of course Doge. Also some old coins like bitcoin cash, bitcoin sv, and Litecoin are pumping.

Not saying we are near the top but it sure feels like one.

I don't see how it feels like a top haha. Feels like the start to me.

Yeah the most useless coins have been pumping, because the little bit of retail that jumped back in went straight to the useless stuff haha. The stuff they think will make them rich quick. Meanwhile Bitcoin is just chilling around the ATH high no problem, Ethereum isn't even close to ATH yet, and most of the major altcoins are still tiny fractions of their ATHs.

A handful of meme coins and useless forks (literally where the absolutely dumbest money goes) says nothing about a top being here. It suggests a tiny fraction of retail probably jumped back in to the dumbest stuff.

Bull market is just starting. We aren't even at the halving yet!!

Also. I'm not sure what you think people making ludicrous claims about the bull market has to do with the timeline of the bull market. Anyone talking about crazy prices way up in the six digits happening this cycle are just clueless people. Says absolutely nothing about where we are in the bull run. Price is at the old ATH, bull run is just starting. That's how this works. Feels like we are at the start of the bull run with about a year to go until a peak. Retail market will probably take months to really start coming back in. TradFi is going to be putting tens of billions of dollars more into Bitcoin this bull run. Corporations haven't even started getting back into it this bull run yet. This thing is just starting. Dumb people buying the most usless cryptos and a few people talking about a million dollars doesn't mean anything.

[thecodebear]

Plus those altcoins are pumping? Because Bitcoin is pumping. If Bitcoin crashes, I'm very confident that they will also crash and the crash will be heavier up to -90%.

Newbies in this market will learn their lessons by falling in love with altcoins soon.

Even altcoins pumped hard recent months, because Bitcoin triggered the market bull run, many of them are still -80 %, -90% of their all time highs. I believe this screenshot can help newbies to see risk of altcoins if they find this post.

But one thing you left out, you yourself said that bitcoin triggered the bull run and many altcoins are still at -90%, which means the chances of them being dumped or falling more is very low. So, buying altcoins now will not be as risky as when we are in the 2022 bear season. Also, look at what's been going on in the past few days, shiba is up 3x since the bottom, pepe is up 7x since the bottom...and many other altcoins.

We need to admit that during the bull season, altcoins will perform much better than bitcoin in terms of returns. But when the bear market begins, it's time to stay away from altcoins.

But these altcoins that just pumped hundreds of percent might now drop by 50% lol.

The point is altcoins are inhernetly extremely risky and extremely bad investments. And anyone can make a new altcoin so there is no way to know WHICH altcoins are going to pump. A few months from now there could be an entire new set of popular altcoins and the current ones could go down a lot from here on out.

To make the point more obvious. A lot of altcoins still haven't reached the local tops they hit a year ago on the market enthusiasm of bitcoin breaking out of the bear market the first few months of last year. So Bitcoin has 3x'd while many altcoins have gone down since then.


The investment strategy of buying altcoins is literally: "do you feel lucky today".

The chance of altcoins being dump is never "very low", as you say. The chance of altcoins dumping is always very high, even in bull markets. Because unlike Bitcoin, theres tons of altcoins to choose from. At any point some will dump and some will pump. Some will never go higher than they are today. No way to know which ones will be which. A few altcoins happened to just pump very hard, for some of them that very well might be as high as they go this market cycle, or ever. While others may 10x by end of the year. No way to know which will be which. Literally all it takes to replace any of them is for someone to make a funny sounding meme coin name and have it go viral and suddenly that's the new thing and all the altcoins that just pumped hard are yesterday's news.

[bettercrypto]

We are just entering the bull run; to be honest, we are not even 1/4 of the bull run, but we are already inside the entrance of this bull run. And if there are other altcoins that are pumping in their coins, I think this is the reason for the upcoming ETH spot.

So when the ETH spot is approved, it is certain that many altcoins will hit the market at the same time as bitcoin rallies. And if it is not approved, many altcoins will also dump their prices in the market for sure, and only a few will be able to keep up with Bitcoin's rally for sure too.

[hatshepsut93]

Of course we are still early, crossing ATH is typically just the starting point of a bull run, and the halvening still hasn't happened. The real big questions is how long will the bull run last and how high will it get. Will it repeat the pattern of the previous bull runs, or would this play out much faster now that we touched the ATH sooner than expected.

[adaseb]

A few days back the coinbase app went to number 44 which appeared to be accelerating at a fast pace which would indicate the retail entering the market.

However it topped at 44 and has dropped to >100 right now. Seems like it was just a small bump and it’s trending down again. Which implies that most of the retail is not here yet but should be soon, especially if on Monday we cross into $70K again.

[God bless u]

One thing is clear: we can beat the ATH of 69,000 soon, perhaps today. If it happens it would be the first time it has been beaten at this point in the cycle, before halving, which would bode very well for the rest of 2024. Perhaps the price performance next cycle can make up for how disappointing this one was? It won't take long to see.

Bitcoin has touched that milestone and is ready to create a new record by crossing $70k before the halving event. That isn't guaranteed but that is what we can expect after what has been happening lately, first Bitcoin went from $28k to $38k, then from there it went to $45k, and now it has crossed the previous all-time high even before the halving event. We are having a great year so far, let's hope it isn't ruined later on.

Before this happened, I and a lot of other speculators and general users were expecting that Bitcoin would hit $100k this bull run, but after what happened and how Bitcoin crossed its previous all-time high way before time, it feels like it is going to go way above that point now.

[Don Pedro Dinero]

Bitcoin has touched that milestone and is ready to create a new record by crossing $70k before the halving event. That isn't guaranteed but that is what we can expect after what has been happening lately, first Bitcoin went from $28k to $38k, then from there it went to $45k, and now it has crossed the previous all-time high even before the halving event. We are having a great year so far, let's hope it isn't ruined later on.

It looks like it, and you only have to look at the price trend to see where we are going.

Graph for past month:




Graph for past 6 months:





The graphs look very, very good. I think it won't be long before we cross the coveted $70,000 mark, and from there, to the moon.

[Bitstar_coin]

Btc always claim position as the king of all crypto. Imagine btc performance from 35k to current price in few weeks, i csn agree that we are yet to see retailers full involvement, probably after the halving. Alts haven't move that much.
I bet this price increase was not expected by the btc community.

We are at the beginning of what others described as the year of the dragon, the year of crazy price pump. Am expecting alts to follow up after btc halving or closer to the time. Although some alts has been performing really well, especially the memecoins, investors in these coins are happy with the price progress.
Now is the time to be well positioned in potential alts.

[tranthidung]

But one thing you left out, you yourself said that bitcoin triggered the bull run and many altcoins are still at -90%, which means the chances of them being dumped or falling more is very low. So, buying altcoins now will not be as risky as when we are in the 2022 bear season. Also, look at what's been going on in the past few days, shiba is up 3x since the bottom, pepe is up 7x since the bottom...and many other altcoins.

I pointed out that if you are altcoin enthusiast and joined this market in 2021, 2022 and did not sell your altcoins, it's very probably you are still in loss even many altcoins pumped hard recent weeks.

This fact from the past will reappear in future, in next bear market like next two years. That is vital point I want to warn newbies who see so high potential in altcoins.

A tip is altcoins are only potential at the start of bull run or at the end of bear market. In middle of a bull market or middle of a bear market, you will possibly be rekted by altcoins.

[Marvell1]

Plus those altcoins are pumping? Because Bitcoin is pumping. If Bitcoin crashes, I'm very confident that they will also crash and the crash will be heavier up to -90%.

Newbies in this market will learn their lessons by falling in love with altcoins soon.

Even altcoins pumped hard recent months, because Bitcoin triggered the market bull run, many of them are still -80 %, -90% of their all time highs. I believe this screenshot can help newbies to see risk of altcoins if they find this post.

But one thing you left out, you yourself said that bitcoin triggered the bull run and many altcoins are still at -90%, which means the chances of them being dumped or falling more is very low. So, buying altcoins now will not be as risky as when we are in the 2022 bear season. Also, look at what's been going on in the past few days, shiba is up 3x since the bottom, pepe is up 7x since the bottom...and many other altcoins.

We need to admit that during the bull season, altcoins will perform much better than bitcoin in terms of returns. But when the bear market begins, it's time to stay away from altcoins.

But these altcoins that just pumped hundreds of percent might now drop by 50% lol.

The point is altcoins are inhernetly extremely risky and extremely bad investments. And anyone can make a new altcoin so there is no way to know WHICH altcoins are going to pump. A few months from now there could be an entire new set of popular altcoins and the current ones could go down a lot from here on out.

To make the point more obvious. A lot of altcoins still haven't reached the local tops they hit a year ago on the market enthusiasm of bitcoin breaking out of the bear market the first few months of last year. So Bitcoin has 3x'd while many altcoins have gone down since then.


The investment strategy of buying altcoins is literally: "do you feel lucky today".

The chance of altcoins being dump is never "very low", as you say. The chance of altcoins dumping is always very high, even in bull markets. Because unlike Bitcoin, theres tons of altcoins to choose from. At any point some will dump and some will pump. Some will never go higher than they are today. No way to know which ones will be which. A few altcoins happened to just pump very hard, for some of them that very well might be as high as they go this market cycle, or ever. While others may 10x by end of the year. No way to know which will be which. Literally all it takes to replace any of them is for someone to make a funny sounding meme coin name and have it go viral and suddenly that's the new thing and all the altcoins that just pumped hard are yesterday's news.

Why, when you've already made hundreds of profits, don't take profits and wait for them to decrease? What do you expect to earn multifold profits from altcoins?

Have you ever thought, there are thousands of altcoin projects but why are there only very few projects invested in by venture capital funds and the rest are just trash? Choosing altcoin projects to invest in is not too difficult, why do many people deliberately complicate the problem? But if you have no knowledge about altcoins then you should not invest in them.

If you want to know which trend money will flow into first and which trend later, I think you need a team working together and using analytical tools.

Investing in altcoins is really risky and a difficult process because we have to choose a few projects among thousands, but if someone knows how, they will get a worthy reward. In addition to the memecoins I mentioned, try checking altcoins like FET, RNDR, WLD, RSS3...what percentage of profits did those who bought it in 2022 and 2023 get. If I were to average the profits would be between 5x and 7x per project. But things won't stop there, let's wait and see where they will go in the upcoming bull season.

[FanEagle]

I agree that bitcoin will end up with a lot better results in the end, not that much of a crazy stuff, but something that could take a while. This should be something that will take a bit of a time, it's just not that much of a big deal for me. I hope that it could get made one way or another, but that doesn't mean that bitcoin is the only reason.

Some alts do go up based on other things too, like rumours and news and new developments too but usually those are not all that much of a big deal. I hope to consider this to be more like market movement and the whole market moves like that. It would be a lot better if we could just avoid it all together and not really do anything that would be super crazy, it is not really a big deal, all go up, all go down, simple as that.

[DeathAngel]

I think retail will start flying in when we take $100,000. The rise in price is largely due to Spot ETFs hoovering up supply. Once some months have passed after the halving & we pass $100,000 Bitcoin will be on every mainstreak news outlet, that’s when retail investors will fly in.